Toronto-Dominion Bank (TD.TO)

Reporting tomorrow. Chart shows a nice little trendline, and the moving averages are all in the right order. MACD is a little bit high, but in the past, it hasn’t led to anything significant.

Bank stocks could go higher if they decide to have stock splits. They have been increasing dividends. Every 10-15 years, even Canadian banks seem to have an implosion. He would not be buying into Canadian banks at this point in time. Prefers the US banks.

(A Top Pick Aug 27/13. Up 36.42%.) He is looking forward to capital gains of 5%-6% plus the dividend. Likes its US exposure. (See Top Picks.)

The banks are interesting here. They’ve had a decent run here, so we might see them stabilize a little. Likes this bank’s exposure outside of Canada, which he thinks will start to play out. Dividend yield of 3.2%.

(Market Call Minute) It has had a nice move upwards.

A Top Pick Aug 29/13. Up 31.1%.) A great story. Not trading at a huge multiple. One of the few banks in Canada that has built a reputation in the US. Although those assets have not shown much fruition, they will over the longer term. They have really dedicated themselves to being a retail bank, and stayed away from being a big global investment bank.

He thinks the banks will work higher. There is no sign of a peak in the banks. Feels the lower fruit has been picked and gains from here are going to be muted, but there will still be gains. For the banks, he would probably pick the ETF of ZEB. It pays every month and you get the 5 big banks in there.

You have to love the banks here. Earnings are up. Wealth management division is doing very well. Also, did well on the credit card deal with CIBC. Domestic retail has done very well. Definitely hold it.

As an operating bank, this is excellent. One of the few Canadian banks that have gone into the US and have done well and he thinks this is going to continue. Your dividends are going to be good and you are going to get dividend increases as earnings go up. Well diversified.

This is a retail bank and is now bigger in the US than it is in Canada. He likes the outlook for US banks, better than Canadian. If you want exposure to the US through a Canadian bank, he would prefer this to the others.

This is his long-term Hold, and he has done tremendously well with it. There is nothing negative to say about the stock. The trend is definitely positive. Seasonals tend to benefit the first half of the year rather than the last half.

Thinks they can grow their operational earnings by 8.7% in the next couple of years. The US banking exposure is going to limit some of their growth right now. Have very favourable trends in credit expenses. Thinks you can get $59-$60 over the next 12 months combined with a nice dividend.

His favourite. The market short term is overbought. It is not a good time to buy this. He might put money in if he had a 3 year time horizon. Buy at a pullback.

There has been an appreciation in all of the banks. This one has deployed a lot of capital into the US, and he is not sure what the return on capital employed really is. Whether it is sufficient that the shareholders should be happy. He prefers Bank of Nova Scotia (BNS-T).

Canadian banks are behaving better than any banks in the world and TD is the best in Canada. This one is very well set up. So long as they continue to generate the numbers, he would hesitate selling it, thinking it is hitting a peak. He prefers asset management companies but would hold this bank.